Dine Brands Global, Inc. $DIN is Seven Six Capital Management LLC’s 6th Largest Position

Seven Six Capital Management LLC lessened its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 15.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 171,175 shares of the restaurant operator’s stock after selling 31,625 shares during the quarter. Dine Brands Global makes up 5.5% of Seven Six Capital Management LLC’s portfolio, making the stock its 6th largest position. Seven Six Capital Management LLC’s holdings in Dine Brands Global were worth $5,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of DIN. Advisory Services Network LLC purchased a new stake in Dine Brands Global in the 3rd quarter worth $27,000. Financial Management Professionals Inc. increased its stake in Dine Brands Global by 45.4% in the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after buying an additional 326 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Dine Brands Global in the 3rd quarter worth $50,000. Tower Research Capital LLC TRC increased its stake in Dine Brands Global by 307.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after buying an additional 1,578 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in Dine Brands Global in the 3rd quarter worth $87,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Up 1.2%

Shares of NYSE:DIN opened at $32.67 on Wednesday. Dine Brands Global, Inc. has a 12 month low of $19.58 and a 12 month high of $39.68. The company has a 50-day moving average price of $29.33 and a 200 day moving average price of $31.36. The company has a market cap of $414.61 million, a price-to-earnings ratio of 32.35 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The business had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same period in the previous year, the business posted $1.03 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that Dine Brands Global, Inc. will post 4.64 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, June 24th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Dine Brands Global’s dividend payout ratio (DPR) is presently 75.25%.

Insider Activity at Dine Brands Global

In related news, Director Michael Hyter sold 1,800 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the transaction, the director owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. UBS Group cut their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Mizuho cut their price target on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Finally, Barclays dropped their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and an average price target of $30.40.

Dine Brands Global Profile

Dine Brands Global, Inc is a leading franchisor and operator of full?service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.